Drive Away with a GREAT Rate on a NEW or USED Auto Loan!
Auto Loan rates as low as 5.49% APR¹ on NEW and USED Auto Loans for up to 36 months!
Easy & Affordable Auto Loan Financing- no matter where you are!
When it comes to financing your next vehicle, choosing a credit union for your Auto Loan can offer a world of benefits over a traditional bank. Here at InFirst FCU, we pride ourselves on offering competitive Auto Loan interest rates that often beat those of banks, meaning you could save significantly on the total cost of your loan. Our focus is on serving our members, not making a profit, which allows us to return value directly to you in the form of lower fees and better loan conditions. Unlike banks, where decisions are made with shareholders in mind, our decisions are made with our members’ best interests at heart. This means we offer more personalized service and flexibility to accommodate your unique financial situation, including working with you to adjust payment plans if necessary. Plus, as a member, you're more than just a customer; you're part of our community-oriented institution that values your financial well-being above all else.
Choose InFirst FCU for your Auto Loan and experience the difference of a local financial partner that's truly invested in your success on the road ahead.
Protect against the unexpected!
InFirst FCU offers Guaranteed Asset Protection (GAP), Mechanical Breakdown Protection, and Debt Protection. Find out more about these valuable coverages below.
Guaranteed Asset Protection (GAP)
FREQUENTLY ASKED QUESTIONS
What is Guaranteed Asset Protection?
Guaranteed Asset Protection (GAP) helps borrowers and lenders avoid financial loss by waiving all or a portion of the deficiency between a borrower's payoff amount on their auto loan and the determined actual cash value of a vehicle in the event that a vehicle is totaled or stolen, up to a certain LTV maximum, less exclusions or limitations that may apply. This is a voluntary, non-insurance product. GAP Advantage also provides you with a $1,000 credit towards the financing of a replacement vehicle financed with our financial institution!
How does GAP work?
The actual cash value of your vehicle as determined by your primary insurance carrier could be less than the actual balance you owe on your loan. In the event of a total loss or theft, GAP waives the difference between your outstanding loan balance and the actual cash value (ACV) of the vehicle up to the maximum LTV %. GAP may also cover up to $1,000 of your deductible if there is a “gap” after the primary insurance settlement is paid. The deductible is covered as part of the deficiency balance settlement.†
REAL-WORLD EXAMPLE:
Your loan balance is: $15,000
Your insurance company settlement is: $10,000
- Based on your vehicle’s market value: $11,000
- Less your insurance deductible: $1,000
Loan balance remaining without protection: $5,000
Loan balance remaining with protections: $0
PLUS $1,000 credit towards the financing of your replacement vehicle!
†GAP is subject to limitations and exclusions, including but not limited to a loan-to-value (LTV) maximum.
Did you know?
Our GAP program includes Auto Advantage (ADR)!
When you purchase GAP from [financial institution], the primary borrower and/or co-borrower also receives Auto Advantage, which includes Auto Deductible Reimbursement (ADR) at no additional cost.
The covered borrower may be reimbursed their deductible for any loss covered by the borrower’s auto insurance policy for all their non-commercial passenger cars, trucks, or vans.
ADR Requirements are Simple:
All vehicles are covered that are owned (according to title, registration, or loan documents) and insured by the primary borrower and/or co-borrower.
Only four-wheel, non-commercial passenger vehicles (cars, trucks, vans) are covered. ADR does not cover motorcycles, boats, and RVs.
A claim can be filed if the paid claim exceeds the borrower’s deductible and has been approved and paid by the borrower’s primary auto insurance. This includes comprehensive and collision claims and requires repairs to be made.
Mechanical Breakdown Protection (MBP)
Drive with the peace of mind knowing that with Mechanical Breakdown Protection (MBP), you have protection against the increasingly high cost of repairs and associated labor costs for mechanical and electrical vehicle failures.
In addition to repairing your vehicle, MBP provides services such as rental car allowance, tire protection, roadside assistance, and 24/7 towing. MBP is available for both new and used vehicles. This coverage will protect your vehicle after your warranty has expired. Ask us how you can drive with the proper protection against costly repairs!
Benefits of MBP:
Roadside Assistance & 24/7 Towing
Rental Car Allowance
Paintless Dent Repair
Windshield Repair
Key/Remote Replacement
Consequential Damage Coverage
Debt Protection
DEBT PROTECTION
Debt protection may cancel your loan balance (up to the contract limits) or monthly loan payment without penalty or added interest due to an unexpected event. You can select the optional plan that will support your family’s financial protection needs.
Protect What Matters
Life is unpredictable. There are a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. In the event of death, disability, or unemployment, you wouldn’t want your family to worry about making your loan payments.
With Debt Protection, your loan balance or monthly loan payments may be canceled without penalty or added interest.
•In the event of death, it cancels the remaining loan balance up to a maximum in the contract.
•If you become disabled, it cancels up to a maximum number of loan payments based on the contract.
•If you are involuntarily unemployed, it cancels up to a maximum number of loan payments based on the contract.
More questions? Call us at (703) 914-8700.